It’s a little hard for me to believe that we’ll do nothing to try to slow or stop climate change. But a new study released from the University of Oregon asks, “what if”?
What if we continued going along, business-as-usual? What would be the cost of that?
The answer; $3.3 billion statewide, or $1,930 per household, per year, by 2020.
That figure comes from the UO’s Program on Climate Economics and much of the research was done by the consulting firm, ECONorthwest.
Here’s a breakdown of some of the numbers in the report.
By 2020 we’ll be spending…
$1.4 billion more for energy.
- Almost all of that is the money we’d be wasting by doing nothing new to conserve energy. But the report also says we’ll need more energy to cool buildings during warmer summers, and that reduced snowpack will drive up the costs of hydropower.
$764 million more for health care.
- The report says low level air pollution will make us sicker, so we’ll spend more on health care. Increased sickouts from work and more premature deaths will also be a drag on the economy. An increasing number of heat waves will also drive up health costs.
$632 more to protect salmon.
- Climate change will warm temperatures in our rivers and streams, will which hurt salmon populations. The report assumes we love our salmon so much we’ll be willing to spend that amount of money to protect salmon stocks.
Other costs include spending more money to fight wildfires, and to clean up after floods and major storms. We’ll lose money because of reduced farm production. And perhaps the worst part of all, we won’t be having so much fun. Reduced snowpack will mean fewer days to go skiing, and warmer temps in rivers and streams means there will be fewer fish to catch.
And if that wasn’t bad enough, the report says $3.3 billion is probably an underestimate. It says trends in global warming appear to be worse than expected, so the real cost could be much higher. Either way, climate change costs are expected to triple by 2080 under this “do nothing” scenario.
Just so our friends north of us don’t feel left out, the UO also crunched the numbers for Washington state. The conclusion? Climate change will cost you $3.8 billion per year by 2020, or about $1,250 per household.


